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The common stock of Serenity Homescapes has a beta of 0.92. The market risk premium is 12.5 percent, and the risk-free rate is 2.2 percent.

The common stock of Serenity Homescapes has a beta of 0.92. The market risk premium is 12.5 percent, and the risk-free rate is 2.2 percent. What is the cost of equity for this firm

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